News for 'economic-crisis'

Lankan Prez calls Rajapaksa to facilitate his return: Report

Lankan Prez calls Rajapaksa to facilitate his return: Report

Rediff.com22 Aug 2022

Rajapaksa fled the country and resigned last month in the face of a popular uprising against his government for mismanaging the island nation's economy.

'Imran is the common enemy of US, China, Saudis'

'Imran is the common enemy of US, China, Saudis'

Rediff.com15 May 2023

'Nobody wants him to gain power.' 'But saying that all these players together conspired against Imran Khan and had him arrested would be in the realm of conjecture but possibilities cannot be ruled out.'

'Basic needs not freebies, poor are more entitled to it'

'Basic needs not freebies, poor are more entitled to it'

Rediff.com19 Aug 2022

Economist Jayati Ghosh noted that the word 'freebies' indicates the class position of those who use it.

Australian team donates prize money to crisis-hit Sri Lanka

Australian team donates prize money to crisis-hit Sri Lanka

Rediff.com11 Aug 2022

The funds revealed by Australian players will go towards programmes by UNICEF that support nutrition, healthcare, safe drinking water, education, and mental health services for 1.7 million vulnerable in-need children in the country.

Sri Lanka Air Force denies accommodating President Rajapaksa

Sri Lanka Air Force denies accommodating President Rajapaksa

Rediff.com12 Jul 2022

A spokesman of the Sri Lanka Air Force (SLAF) said a video released by Ajith Dharmapala, a former police officer, claimed that President Rajapaksa was staying at the house belonging to Pathirana.

Underdogs don't give up, says Rishi Sunak's new campaign video

Underdogs don't give up, says Rishi Sunak's new campaign video

Rediff.com21 Aug 2022

The video shows the 42-year-old British Indian former minister interacting with voters and is also seen catching a quick power nap on a bench as a voiceover praises his efforts to "fight for every inch".

Indian official assaulted in crisis-hit Sri Lanka, mission alerts citizens

Indian official assaulted in crisis-hit Sri Lanka, mission alerts citizens

Rediff.com19 Jul 2022

A senior Indian government official posted in Sri Lanka sustained grievous injuries in an unprovoked assault, the Indian high commission in Colombo said on Tuesday as it urged its nationals to remain aware of the latest developments in the island nation and plan their movements and activities accordingly.

Lanka crisis: Blow to Rajapaksa govt as 3 MPs withdraw support

Lanka crisis: Blow to Rajapaksa govt as 3 MPs withdraw support

Rediff.com20 Apr 2022

Sri Lankan President Gotabaya Rajapaksa, who is under pressure to resign, was dealt a further blow on Wednesday when three more parliamentarians withdrew their support to the government.

Kohli Only Indian In Asia Cup Dream XI

Kohli Only Indian In Asia Cup Dream XI

Rediff.com13 Sep 2022

Virat Kohli was the only centurion in the tournament.

'Hope this win brings some smiles on faces of Sri Lankans'

'Hope this win brings some smiles on faces of Sri Lankans'

Rediff.com12 Sep 2022

Sri Lanka's Asia Cup winning hero Bhanuka Rajapaksha, whose stellar show with the bat played a pivotal role in his side's sensational Asia Cup victory, has dedicated the title to his crisis-hit island nation.

Mendis leads Sri Lanka's fight against Australia

Mendis leads Sri Lanka's fight against Australia

Rediff.com9 Jul 2022

Karunaratne fell for 86 in the final session but Mendis was batting on 84 at stumps

And The Protests Resume In Colombo...

And The Protests Resume In Colombo...

Rediff.com16 May 2022

The anti-government protests near the presidential secretariat in Colombo resumed on Sunday after the authorities lifted the nation-wide curfew to celebrate the Vesak -- what we call Buddha Purnima in India -- festival.

2022 Will Determine Xi's Political Future

2022 Will Determine Xi's Political Future

Rediff.com3 Jan 2022

Xi does not want to risk any political or economic crisis complicating his bid to remain in office, observes Ambassador Shyam Saran, the former foreign secretary.

'India is on a good wicket now'

'India is on a good wicket now'

Rediff.com10 Jan 2023

'The pitch for India is flat, the ball for India is old, the sun for India is out, and the bowlers are not bowling too well.' 'I think only we can get ourselves out.'

Over 1000 killed, 1500 injured as powerful earthquake hits Afghanistan

Over 1000 killed, 1500 injured as powerful earthquake hits Afghanistan

Rediff.com22 Jun 2022

The US Geological Survey said the quake struck about 44 km (27 miles) from the city of Khost in southeastern Afghanistan and was at a depth of 51 km.

Rajapaksa emails resignation from Singapore, formal announcement on Friday

Rajapaksa emails resignation from Singapore, formal announcement on Friday

Rediff.com14 Jul 2022

Speaker's media secretary Indunil Abeywardena said a resignation letter from President Rajapaksa has been received through the Sri Lanka high commission in Singapore.

Desist from violence, or else...: Sri Lankan army warns protestors

Desist from violence, or else...: Sri Lankan army warns protestors

Rediff.com14 Jul 2022

The Sri Lankan Army on Thursday urged the anti-government protesters to desist from violence immediately or be prepared to face the "consequences", warning that the security forces are "legitimately empowered" to exercise force.

Gotabaya still in Maldives, yet to submit his resignation

Gotabaya still in Maldives, yet to submit his resignation

Rediff.com14 Jul 2022

Rajapaksa, his wife Loma and their two security officers were expected to leave for Singapore on board SQ437 from Male on Wednesday night but did not board the aircraft due to security concerns, the Daily Mirror newspaper reported.

Protesters clash inside Sri Lankan PM's residence, 10 hurt

Protesters clash inside Sri Lankan PM's residence, 10 hurt

Rediff.com12 Jul 2022

At least 10 persons were admitted to the National Hospital after the confrontation between protesters who have currently been staying inside the prime minister's official residence, the Colombo Post news portal reported.

'Gotabaya Rajapaksa may not resign'

'Gotabaya Rajapaksa may not resign'

Rediff.com12 Jul 2022

'There is fear that the president and prime minister are dragging their feet and won't resign.'

ITC's luxury project in Colombo hit as Sri Lanka economy sinks

ITC's luxury project in Colombo hit as Sri Lanka economy sinks

Rediff.com30 Jun 2022

ITC's first foreign venture in the hotel space - a premium and luxury mixed-use development - has been "adversely impacted" by Sri Lanka's economic crisis, the firm said. The $300-million project under WelcomHotels Lanka (Private) Limited (WLPL), a wholly-owned subsidiary of ITC, comprises a luxury hotel and a super-premium residential apartment complex on 5.86 acres of prime sea-facing land in Colombo. In its latest annual report for financial year 2021-22 (FY22), ITC mentioned that the project's construction was running on schedule till the third quarter (Q3) of FY19, but was adversely impacted due to disruptions in the aftermath of the terror incidents in 2019 and thereafter by recurrent waves of the Covid-19 pandemic.

Vinay Mohan Kwatra is India's next foreign secretary

Vinay Mohan Kwatra is India's next foreign secretary

Rediff.com5 Apr 2022

Known to be having extensive expertise in dealing with India's neighbourhood as well as the US, China and Europe, the 1988-batch Indian Foreign Service (IFS) officer pipped nearly half-a-dozen others in the race for the coveted post including Indian High Commissioner to UK Gaitri Issar Kumar (1986-batch IFS) and Ruchira Kamboj (1987 batch IFS).

Worried About Losing Your Job?

Worried About Losing Your Job?

Rediff.com20 Dec 2022

The first step to keeping your job safe, experts tell Rediff.com's Divya Nair, is understanding why layoffs happen.

Lalu addresses RJD workers, slams Modi-Nitish duo

Lalu addresses RJD workers, slams Modi-Nitish duo

Rediff.com5 Jul 2021

Appearing on national television to mark the silver jubilee of the party he founded in 1997 after breaking away from the Janata Dal, Prasad, who is suffering from many ailments and convalescing at his MP daughter Misa Bharti's residence in New Delhi, recalled his struggles for OBC quota and the fight for the rights of the weaker sections.

Modi sounds bugle for Mumbai civic polls, says no dearth of funds for city

Modi sounds bugle for Mumbai civic polls, says no dearth of funds for city

Rediff.com19 Jan 2023

When there is a state government committed to development, it is important that Mumbai has a civic body that, too, shares that goal, Modi said.

'Economic rebound has run out of steam'

'Economic rebound has run out of steam'

Rediff.com9 Mar 2023

'When the average growth in the last three years was just 2.5%, how does that make us the fastest growing country?' 'They only tell you what has happened in the last 2 years; they are not taking into account what happened in FY21 on account of their mistakes.'

Four German teams join forces to aid crisis-hit clubs

Four German teams join forces to aid crisis-hit clubs

Rediff.com26 Mar 2020

The German football body will decide on the criteria for the distribution of the solidarity fund.

Liz Truss cancels BBC interview, Sunak camp accuses her of evading scrutiny

Liz Truss cancels BBC interview, Sunak camp accuses her of evading scrutiny

Rediff.com30 Aug 2022

The Cabinet minister pulled out of the interview hours before it was to air on Tuesday evening, with her team saying she could no longer spare the time.

Rishi Sunak declares bid to contest UK PM race, says will fix economy

Rishi Sunak declares bid to contest UK PM race, says will fix economy

Rediff.com23 Oct 2022

In an accompanying vision statement, the former finance minister highlighted his track record of serving in the Cabinet, helping to steer the economy through the toughest of times with the COVID pandemic.

Jaishankar, Qin Gang discuss means to resolve border row in Goa meet

Jaishankar, Qin Gang discuss means to resolve border row in Goa meet

Rediff.com5 May 2023

The talks took place in a beach resort in Benaulim on the sidelines of a meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation.

How Will Modi Shape The G20 Opportunity?

How Will Modi Shape The G20 Opportunity?

Rediff.com2 Mar 2023

Will G20 showcase an India that is inclusive, culturally rich, diverse and tolerant, asks Ramesh Menon.

Lanka's main Opposition SJB 'ready' to lead new govt

Lanka's main Opposition SJB 'ready' to lead new govt

Rediff.com11 Jul 2022

Sri Lanka's main opposition party Samagi Jana Balavegaya (SJB) on Monday said it is ready to lead the next government to bring stability to the bankrupt island nation as it grapples with political and economic crises and any resistance to the move in Parliament will be seen as a 'treacherous act'.

Army deployed in petrol pumps as fuel shortage cripples Sri Lanka

Army deployed in petrol pumps as fuel shortage cripples Sri Lanka

Rediff.com22 Mar 2022

Sri Lanka on Tuesday deployed military personnel at State-run petrol pumps to monitor and manage fuel distribution amidst a shortage that led to serpentine queues of consumers outside filling stations.

IndiGo finally bites the bullet; to lay off 10% staff

IndiGo finally bites the bullet; to lay off 10% staff

Rediff.com20 Jul 2020

It is for the first time in the history of IndiGo that we have undertaken such a painful measure, CEO Ronojoy Dutta said.

Why Sri Lanka Is In Crisis

Why Sri Lanka Is In Crisis

Rediff.com4 Apr 2022

The protests brought home the fact that the Sri Lankan public is in no mood for halfway measures, as voices against Rajapaksa 'family rule' and 'securitisation' of the civilian administration began sidestepping the more critical economic crisis, affecting the nation and afflicting the individual, observes Sri Lanka watcher N Sathiya Moorthy.

'Rajapaksa will try everything to hold on to power'

'Rajapaksa will try everything to hold on to power'

Rediff.com13 Jul 2022

'The fact that he hasn't resigned so far shows that he is going to do everything to hold onto power.'

Asia Cup final more than just cricket for Sri Lanka...

Asia Cup final more than just cricket for Sri Lanka...

Rediff.com10 Sep 2022

Coming off a socio-economic crisis and the worst turmoil in its country's history, the Sri Lankan cricket team would like to provide the island nation with an emotional catharsis by beating fancied Pakistan in the Asia Cup final in Dubai on Sunday.

Forex-starved Sri Lanka runs out of cash to buy fuel

Forex-starved Sri Lanka runs out of cash to buy fuel

Rediff.com21 Feb 2022

Sri Lankan government on Monday admitted that it has run out of cash to buy fuel as pumps in most filling stations across the country have run dry, exacerbating the deepening foreign-exchange crisis that has crippled the island nation's economy.

COVID, economic recovery, racial equality top priorities for Biden, Harris

COVID, economic recovery, racial equality top priorities for Biden, Harris

Rediff.com9 Nov 2020

The Biden team updated its website to showcase four policy areas the incoming administration will prioritise: COVID-19, economic recovery, racial equity and climate change.

Sri Lankan crisis: Indian orthodox tea gets a boost

Sri Lankan crisis: Indian orthodox tea gets a boost

Rediff.com30 Jun 2022

It's a busy season for Indian producers of orthodox tea. As Sri Lanka, the world's largest supplier of orthodox tea, struggles with its worst economic crisis, a window of opportunity has opened up in neighbouring India. Calls to Indian planters and exporters from foreign buyers of Sri Lankan orthodox tea are pouring in and the buoyant sentiment is reflecting in prices at auction centres. Orthodox tea refers to loose-leaf tea which is produced using traditional or orthodox methods such as plucking, withering, rolling, oxidation and drying.